KeyCorp Reiterates Hold Rating for Crown (CCK)

Crown (NYSE:CCK)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research report issued on Tuesday, December 19th.

A number of other brokerages have also weighed in on CCK. Jefferies Group set a $70.00 price objective on Crown and gave the company a “buy” rating in a report on Monday, August 28th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded Crown from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Monday, October 2nd. UBS Group began coverage on Crown in a report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown in a report on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Crown presently has an average rating of “Hold” and an average target price of $64.27.

Shares of Crown (NYSE:CCK) traded up $0.86 during trading on Tuesday, hitting $57.47. 2,730,000 shares of the company traded hands, compared to its average volume of 1,700,000. The stock has a market cap of $7,720.00, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.85 and a beta of 1.42. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. Crown has a 52-week low of $51.76 and a 52-week high of $62.27.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Crown had a net margin of 5.64% and a return on equity of 60.44%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. analysts anticipate that Crown will post 4.03 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Polianta Ltd acquired a new position in shares of Crown during the fourth quarter worth about $1,181,000. AXA lifted its stake in Crown by 10.9% during the third quarter. AXA now owns 163,200 shares of the industrial products company’s stock worth $9,746,000 after purchasing an additional 16,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Crown during the third quarter worth approximately $731,000. IFM Investors Pty Ltd purchased a new stake in Crown during the third quarter worth approximately $365,000. Finally, Neuberger Berman Group LLC lifted its stake in Crown by 17.0% during the third quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock worth $124,157,000 after purchasing an additional 302,595 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

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About Crown

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Analyst Recommendations for Crown (NYSE:CCK)

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